Automotive Powertrain Electronics Market Size & Share, by Component Type (Converter, Electric Motor, Inverter, Battery Management System, On-board Charger, Cell Module Controller); Device Type (Module, Power IC, Discrete); Application (Safety & Security Electronics, Body Electronics, Powertrain); Vehicle Type (Passenger Cars, Commercial Vehicles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4511
  • Published Date: Aug 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Automotive Powertrain Electronics Market size is poised to reach USD 117 Billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of automotive powertrain electronics was USD 55 Billion. The reason behind the growth is impelled by surge in the demand for automotive electronic components. The demand from consumers for high-end, technologically advanced vehicles with integration and implementation of current safety technologies such as automated airbags, parking assistance systems, and emergency braking, is expected to drive market growth.For instance, electronics are projected to account for about 50% of the cost of the new car by 2030. 

The growing vehicle fleet is believed to fuel the demand for automotive powertrain electronics with research and custom development of advanced electronics used in automobiles to improve its overall performance and longevity.For instance, it was found that the Indian auto industry produced a total of 22,933,000 vehicles in the financial year 2020. 


Automotive Powertrain Electronics Market Size
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Automotive Powertrain Electronics Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Need for Vehicle Propulsion Systems – These systems are increasingly being used in electric and hybrid vehicles, which often require sophisticated energy management, which necessitates the use of automotive powertrain electronics.
  • The Rising Trend of Autonomous Vehicles- These vehicles rely on complex electronic systems such as electronic control units (ECUs) and domain control units (DCUs) to control the powertrain effectively. This has significantly driven market growth.

It was found that there were over 30 million autonomous cars globally in 2019, and this number is expected to reach nearly 54 million in 2024.

Challenges

  • Shortage of Raw Materials, Especially Semiconductor Chips – The expanding use of new semiconductors in various applications, such as automotive and industrial applications was altered by the coronavirus outbreak, which also affected the world’s supply of chips. The pandemic’s initial impact was felt in China and Taiwan, the most prominent chip-producing nations, where companies were forced to close down. Even though the production bounced back, semiconductor sales increased in 2020, and unexpected demand spikes spurred on by shifting consumer behavior as well as issues with capacity allocation led to a worldwide chip shortage in the year 2021.
  • Lack of Efficiency
  • Low-Cost Power Module Packaging

Automotive Powertrain Electronics Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~ USD 55 Billion

Forecast Year Market Size (2035)

~ USD 117 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automotive Powertrain Electronics Segmentation

Vehicle Type (Commercial Vehicles, Passenger Cars)

The passenger cars segment in the automotive powertrain electronics market is estimated to gain a robust revenue share of 86% in the coming years owing to the growing production of passenger cars across the globe. As the per capita income of people across the globe is rising more people can afford passenger cars, which has increased its production. These cars require powertrain electronic systems to meet fuel efficiency, control emissions, and manage battery systems.

For instance, globally more than 55 million passenger cars were produced worldwide in 2021.

Component Type (Converter, Electric Motor, On-board Charger, Cell Module Controller, Inverter, Battery Management System)

The electric motor segment is set to garner a notable share shortly backed by growing demand for electric motors in EVs.  All-electric vehicles, also known as battery electric vehicles (BEVs), have an electric motor since they only run on battery power. These motors require powertrain electronics to control and optimize the complete flow of energy in EVs and also manage the motor’s speed.

Our in-depth analysis of the global market includes the following segments:

           Component Type

  • Converter
  •  Electric Motor
  •  Inverter
  • Battery Management System
  • On-board Charger
  • Cell Module Controller

           Device Type

  • Module
  • Power IC
  •  Discrete

           Application

  • Safety & Security Electronics
  •  Body Electronics
  •  Powertrain

          Vehicle Type

  • Passenger Cars
  • Commercial Vehicle

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Automotive Powertrain Electronics Industry- Regional Synopsis

APAC Market Forecast

Automotive powertrain electronics market in Asia Pacific is predicted to account for the largest share of 40% by 2035 impelled by the growing demand for EV batteries. China is the largest market for electric vehicles (EVs) in the region which has increased the demand for EV batteries. These batteries require advanced power management systems and battery management systems to improve overall performance and efficient charging, leading to higher demand for automotive powertrain electronics in the region. For instance, it was found that as of 2022 China dominated EV battery production with approximately 70% of all battery cells.

European Market Statistics

The Europe automotive powertrain electronics market is estimated to be the second largest, during the forecast timeframe led by growing investment in electric and hybrid powertrains. Since hybrid electric vehicles are powered by internal combustion engines, there may be a rise in the demand for automotive powertrain electronics in the region.

Research Nester
Automotive Powertrain Electronics Market Size
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Companies Dominating the Automotive Powertrain Electronics Landscape

top-features-companies
    • Schaeffler AG
      •  Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AVL List Gmbh
    • SEG Automotive Germany Gmbh
    • Robert Bosh Gmbh
    • Mitsubishi Electric Corporation
    • Infineon Technologies AG
    • NXP Semiconductors N.V.
    • Texas Instruments Incorporated
    • Renesas Electronics Corporation
    • STMicroelectronics International N.V.
    • Denso Corporation
    • Alps Alpine Co., Ltd.

In-the-news

In The News

  • Schaeffler AG developed high quality electric motors for commercial vehicles that are more than 97% efficient providing a continuous drive power output of up to 300 kW. It has 800-volt power electronics that deliver weight and cost savings for manufacturers, and require shorter charging times with an innovative thermal management system.
  • Renesas Electronics Corporation announced a new Intelligent Power Device (IPD) for automobiles, known as the RAJ2810024H12HPD. With this device, vehicles can distribute power safely and flexibly, addressing E/E (electrical/electronic) architecture requirements in the future.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 4511
  • Published Date: Aug 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Surge in the demand for automotive electronic components and the growing vehicle fleet are the major factors driving the growth of the market.

The market size of automotive powertrain electronics is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are AVL List Gmbh, SEG Automotive Germany Gmbh, Robert Bosh Gmbh, Mitsubishi Electric Corporation, Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Incorporated, Renesas Electronics Corporation, STMicroelectronics International.

The passenger cars segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Automotive Powertrain Electronics Market Report Scope
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